JetBlue Airways (JBLU) to Release Earnings on Tuesday

JetBlue Airways (NASDAQ:JBLU) will issue its quarterly earnings data before the market opens on Tuesday, April 23rd. Analysts expect the company to announce earnings of ($0.53) per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, January 30th. The transportation company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.29) by $0.10. JetBlue Airways had a negative net margin of 3.23% and a negative return on equity of 4.41%. The business had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same period in the prior year, the firm earned $0.22 earnings per share. JetBlue Airways’s revenue was down 3.7% compared to the same quarter last year. On average, analysts expect JetBlue Airways to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

JetBlue Airways Price Performance

JBLU opened at $7.11 on Friday. JetBlue Airways has a one year low of $3.42 and a one year high of $9.45. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.60 and a quick ratio of 0.57. The company’s 50 day simple moving average is $6.94 and its 200-day simple moving average is $5.61. The stock has a market capitalization of $2.42 billion, a P/E ratio of -7.56 and a beta of 1.86.

Wall Street Analysts Forecast Growth

JBLU has been the topic of several research analyst reports. UBS Group initiated coverage on shares of JetBlue Airways in a research note on Wednesday, March 20th. They set a “sell” rating and a $5.00 price target on the stock. Bank of America cut shares of JetBlue Airways from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $6.00 to $3.00 in a research note on Tuesday, January 9th. JPMorgan Chase & Co. raised shares of JetBlue Airways from an “underweight” rating to a “neutral” rating and set a $7.00 price target on the stock in a research note on Thursday. Susquehanna increased their price target on shares of JetBlue Airways from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Tuesday, April 9th. Finally, Barclays initiated coverage on shares of JetBlue Airways in a report on Wednesday, March 27th. They issued an “underweight” rating and a $6.00 price objective on the stock. Five investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $5.86.

Institutional Investors Weigh In On JetBlue Airways

Hedge funds have recently bought and sold shares of the company. Quarry LP acquired a new stake in JetBlue Airways in the first quarter worth $32,000. Neo Ivy Capital Management acquired a new stake in JetBlue Airways in the second quarter worth $33,000. Compass Wealth Management LLC acquired a new stake in JetBlue Airways in the fourth quarter worth $35,000. Cresset Asset Management LLC acquired a new stake in JetBlue Airways in the fourth quarter worth $64,000. Finally, Envestnet Asset Management Inc. acquired a new stake in JetBlue Airways in the first quarter worth $77,000. 83.71% of the stock is currently owned by institutional investors and hedge funds.

JetBlue Airways Company Profile

JetBlue Airways Corporation provides air transportation services. The company operates a fleet of Airbus A321, Airbus A220, Airbus A321neo, Airbus A320 Restyled, Airbus A320, Airbus A321 with Mint, Airbus A321neo with Mint, Airbus A321neoLR with Mint, and Embraer E190 aircraft. It also serves 100 destinations across the United States, the Caribbean and Latin America, Canada, and Europe.